First Quarter of Positive Adjusted EBITDA
Fubo reported its first quarter of positive adjusted EBITDA, achieving $20.7 million, an improvement of more than $30 million year-over-year.
Exceeding Revenue and Subscriber Expectations
Fubo's global streaming business exceeded revenue and subscriber expectations, delivering North America revenue of $371 million and Rest of World revenue of $8.7 million.
Strategic Partnerships and New Offerings
Fubo launched pay-per-view services and a content partnership with DAZN, expanding its reach and offering premium content like DAZN1 channel to subscribers.
Improved Financial Position
Net loss narrowed to $8 million from $25.8 million a year ago, and Fubo ended the quarter with over $285 million in cash, providing financial flexibility.